Movado Group Inc. (NYSE:MOV) to Issue $0.40 Quarterly Dividend

Key Points

• Movado Group declared a quarterly dividend of $0.40 per share, payable September 22 to shareholders of record on September 8, implying an annualized yield of approximately 4.6%.
• Fiscal second-quarter results exceeded expectations: adjusted EPS was about $0.54 versus a $0.35 consensus estimate, while revenue reached $169.8 million, up 4.9% year over year.
• Profitability and the balance sheet improved, with operating income rising to $14.9 million and cash reaching $211.6 million with no debt. However, the company withdrew its full-year fiscal 2027 outlook, and results benefited from a nonrecurring $3.2 million duty refund.

Movado Group Inc. (NYSE:MOV - Get Free Report) announced a quarterly dividend on Wednesday, August 26th. Stockholders of record on Tuesday, September 8th will be given a dividend of 0.40 per share on Tuesday, September 22nd. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date is Tuesday, September 8th.

Movado Group has increased its dividend payment by an average of 0.7%per year over the last three years.

Movado Group Trading Down 1.4%

Shares of NYSE MOV traded down $0.48 during mid-day trading on Wednesday, reaching $34.49. The company had a trading volume of 453,373 shares, compared to its average volume of 190,258. The company has a 50-day moving average price of $37.55 and a two-hundred day moving average price of $31.06. The stock has a market cap of $761.54 million, a PE ratio of 24.64 and a beta of 0.97. Movado Group has a 1-year low of $16.75 and a 1-year high of $40.50.

Movado Group (NYSE:MOV - Get Free Report) last announced its earnings results on Wednesday, August 26th. The company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.35 by $0.19. Movado Group had a return on equity of 7.13% and a net margin of 4.70%.The business had revenue of $169.75 million during the quarter, compared to the consensus estimate of $164.20 million. On average, research analysts expect that Movado Group will post 1.87 EPS for the current year.

Movado Group News Roundup

Here are the key news stories impacting Movado Group this week:

• Positive Sentiment: Movado reported quarterly EPS of approximately $0.53-$0.54, well above analyst expectations of $0.35-$0.36 and up from $0.13-$0.23 a year earlier. Revenue reached $169.8 million, exceeding estimates near $164 million and rising 4.9% year over year. Movado Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Profitability improved sharply: operating income increased to $14.9 million from $4.0 million, while reported gross margin expanded to 59.4% from 54.1%. Excluding $3.2 million of IEEPA duty refunds, gross margin was still a strong 57.5%. Movado Group Announces Second Quarter Fiscal 2027 Results
• Positive Sentiment: The balance sheet remains solid, with $211.6 million in cash and no debt. The board also declared a quarterly dividend of $0.40 per share, payable September 22, supporting the income-investment case. Movado Q2 Sales and EPS Results
• Neutral Sentiment: Management expects mid-single-digit sales growth in the second half of fiscal 2027 and gross margin of 55%-56%, excluding additional duty refunds. The earnings-call transcript may provide further detail on brand and regional trends. Movado Q2 2027 Earnings Call Transcript
• Negative Sentiment: Movado discontinued its annual fiscal 2027 outlook, increasing uncertainty around full-year earnings. In addition, the quarter benefited from $3.2 million of IEEPA duty refunds, a nonrecurring item that makes the reported margin and earnings strength less representative of ongoing operations. Movado Earnings Report

Movado Group Company Profile

Movado Group, Inc is a global designer, manufacturer and distributor of watches and related jewelry products. The company's portfolio encompasses both owned and licensed brands, offering a wide range of timepieces from luxury to accessible price points. Major owned brands include Movado, Concord, and Ebel, alongside newer acquisitions such as MVMT and Olivia Burton. In addition, Movado Group holds licensing agreements to produce watches under fashion names like Hugo Boss, Tommy Hilfiger, Coach, Lacoste and Scuderia Ferrari.

Movado Group's product line spans classic dress watches, sport and dive models, fashion-forward designs and limited-edition collections.

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